The Australian Financial Review | Chris Bowen unveils $30bn deficit in economic statement, but keeps pledge to ... The Australian THE Rudd government is warning of lower economic growth and higher unemployment this year as it reveals a much deeper budget deficit of $30.1 billion, but has promised to stay on track for a surplus in 2016-17. Confirming a shortfall in tax collections from ... Bowen resists temptation to fill a big hole Budget deficit blows out to $30b Labor's updated economic statement: Key points |